After weeks of persistent losses which saw the local currency end October with a year-to-date (YTD) loss of over 30.0% against the US Dollar, the Cedi showed signs of gaining
Currency News [October 21, 2024]
The Cedi traded mixed against its three major trading partner currencies on both the Bank of Ghana (BoG) inter-bank trading platform and Open Forex Market (oanda.com) at the week’s opening
Currency News [October 14, 2024]
Positive news that international rating agency, Moody’s, has upgraded Ghana’s long-term local and foreign currency issuer ratings to “Caa2” from “Caa3” and “Ca” respectively, boosting the West African nation’s chances
Currency News [October 7, 2024]
The Cedi rode on the latest announcement that Ghanaian authorities had reached a staff-level agreement with the International Monetary Fund (IMF) to recover some of its recent losses against some
Currency News [September 9, 2024]
After recording a choppy performance last week where the local currency was mixed against its three major trading partner currencies on both the Bank of Ghana (BoG) inter-bank trading platform,
Currency News [September 2, 2024]
The Cedi was mixed at the week’s open against its three major international trading partner currencies on both the Bank of Ghana (BoG) inter-bank trading platform and the Open Forex
Currency News [August 26, 2024]
The Cedi opened the week weaker against its three major international trading partner currencies adding to the previous week’s struggles as pressures on the local currency take a new turn
Currency News [August 6, 2024]
The Cedi opened the first official trading day of the week mixed against its three major trading partner currencies on both the Bank of Ghana (BoG) inter-bank trading platform and
Currency News [July 29, 2024]
The Cedi maintained its recent traction against some of its trading partner currencies after it opened the week mixed against its three major trading partner currencies on both the Bank
Currency News [July 22, 2024]
Ahead of the presentation of the 2024 mid-year budget review to Ghana’s parliament where the investor’s attention will be on the government’s assessment of the Cedi’s performance in the first
Currency News [April 15, 2024]
News that Ghana had reached a staff-level agreement with the International Monetary Fund (IMF) boosted the Cedi’s appeal as the local currency rose at this week’s opening to recover sections
Currency News [April 2, 2024]
News that Ghana is set to commence the second review of its three-year USD 3.0 billion programme with the International Monetary Fund (IMF) did little to revive the struggling local